|Bid||0.00 x 14300|
|Ask||560.00 x 30600|
|Day's Range||534.00 - 539.00|
|52 Week Range||430.40 - 596.00|
|PE Ratio (TTM)||10.94|
|Earnings Date||Jul 23, 2018|
|Forward Dividend & Yield||0.26 (4.71%)|
|1y Target Est||578.94|
to 5.3 per cent, piling pressure on the shopping centre landlord as it prepares to unveil a new strategy to shareholders. The increase makes Elliott Advisors — the UK arm of Paul Singer’s fund — the fifth-largest shareholder in Hammerson, which owns UK and French malls including London’s Brent Cross and a share in the outlet centre Bicester Village.
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between Hammerson plc (LON:HMSO)’s return fundamentalsRead More...
Klepierre abandoned its 5 billion pound bid for Hammerson two weeks ago, accusing the British property company of failing to provide "meaningful engagement" over a potential deal. "We made an indicative proposal to acquire Hammerson a few weeks ago, so we cannot say we are not interested in the UK market," Jean-Michel Gault, deputy CEO of Klepierre, told Reuters in a telephone interview. Gault said the group still viewed Britain as an attractive and dynamic market, where it would want to develop some assets.
A 3.4 billion-pound takeover of British shopping centre operator Intu Properties (INTUP.L) by bigger rival Hammerson (HMSO.L) has been formally scrapped after Hammerson was freed from its obligation to hold a shareholder vote on the deal. Intu said on Wednesday that its board would not post the scheme of arrangement documents for the takeover to its investors and that Hammerson would no longer have to proceed with the all-share deal and put it to a vote. Intu, which owns Manchester's Trafford Centre, would have also been required to hold a meeting to allow its shareholders to agree to the takeover.
A top 10 shareholder was among a chorus of voices that welcomed the Brent Cross landlord’s move yesterday. It concluded a tumultuous four weeks that saw the transaction put on ice after French firm Klépierre made two approaches for Hammerson at 615p and 635p. Jefferies analyst Mike Prew said the board is “facing a Martin Sorrell day of reckoning”.
The following are the top stories on the business pages of British newspapers. - A top 20 shareholder in Hammerson Plc has said that the retail property company was right to walk away from a merger with its rival Intu Properties Plc "rather than face the embarrassment of failing to win shareholder support". - The global economy is in more debt than it was before the financial crisis, the International Monetary Fund said as it urged countries to take immediate action to address the issue.
The owner of Birmingham's Bullring and London's Brent Cross said on Wednesday its board had withdrawn its recommendation that shareholders support the all-share takeover due to heightened concerns about the British retail sector. Hammerson's announcement lifted its shares by 4.2 percent to 514.2 pence, but knocked Intu's down 4.1 percent. Shareholders had become concerned the deal would increase Hammerson's exposure to the British retail sector, which has been hit by weak consumer demand.
By Julien Ponthus and Helen Reid LONDON (Reuters) - Surging mining stocks and a fall in the pound boosted Britain's FTSE 100 on Wednesday, with metals prices climbing on supply concerns and data showing ...
LONDON/MILAN, April 18 (Reuters) - European shares rose to fresh seven-week highs on Wednesday, helped by well-received company results and a rally in mining stocks on the back of soaring metal prices.
Shopping malls giant Hammerson was on Wednesday forced into an embarrassing climbdown as it ditched a £3.4 billion takeover of rival Intu, just days after a French suitor walked away. In a dramatic U-turn on its previous enthusiasm for the bid, the Bullring-to-Brent Cross landlord said its board thinks the all-share takeover of Lakeside owner Intu “is no longer in the best interests of shareholders”. Hammerson’s chairman David Tyler said: “We spoke to all of our largest shareholders and got a good sense of what their feelings were.
Shopping centre owner Hammerson has ditched its £3.4bn takeover of rival Intu as the outlook for the UK’s retail sector becomes increasingly bleak. The Birmingham Bullring owner announced an all-share deal for Intu – which owns the Trafford Centre in Manchester – in December, but said on Wednesday that the proposed acquisition was no longer in the best interests of shareholders. Hammerson’s shares were up almost 3 per cent in morning trading, while Intu’s slipped 4 per cent.
Hammerson Plc withdrew its 3.2 billion-pound ($4.6 billion) offer to buy Intu Properties Plc after a growing number of its shareholders opposed a deal that would have created the U.K.’s biggest shopping-mall ...